523 Oleander Drive, Los Angeles, California 90042, Los Angeles, 90042 - 3 bed, 4 bath
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Los Angeles, California 90042
This High-Potential Investment Opportunity is a Strong Value Opportunity, listed at $1,000,000—positioned well below the $1,108,266 Fair Market Value by 9%. This valuation gap offers $108,266 in Instant Equity. Featuring a Fair Condition Rating, the property includes a gated pool, expansive deck, and detached studio, offering significant upside for forced appreciation. With its versatile layout and hillside views, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a value-add project in Highland Park.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 523 Oleander Drive Subject | $1,000,000* List Price | 3 | 4 | 1,961 | $575 | - |
A 6450 York Boulevard Sold | $1,165,000 | 5 | 3 | 1,920 | $607 | 0.8 mi |
B 6849 N Figueroa Street Sold | $1,175,000 | 3 | 4 | 1,888 | $622 | 0.3 mi |
C 426 N Avenue 64 Sold | $1,160,000 | 4 | 3 | 1,990 | $583 | 0.5 mi |
D 6155 Poppy Peak Drive Pending | $999,000 List Price | 5 | 3 | 2,114 | $473 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1923, the property has undergone significant renovations likely within the 10-20 year range. The kitchen and bathrooms are functional and well-maintained, featuring mid-range finishes like granite counters and travertine-style tile. Modern system updates are evident, specifically the installation of mini-split HVAC units and recessed lighting throughout, making it move-in ready.
The property features a rare gated pool area, expansive decking, and lush gardens with mature fruit trees, creating a private hillside oasis that is highly desirable in Highland Park.
With a detached studio/pool house including its own bathroom and a downstairs flex space, the layout offers significant potential for a creative workspace, guest quarters, or rental income.
Situated on a quiet street, the home provides stunning westerly views of the hills and mountains, capturing the quintessential Los Angeles hillside aesthetic.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1961, other record living area = 825.
Described as a 'blank canvas' requiring 'imagination,' the property likely needs significant cosmetic and functional updates to modernize the 1923 structure.
As a century-old hillside residence, buyers should anticipate potential challenges related to aging systems, foundation, or structural maintenance typical of homes from this era.
When opportunity knocks, it sounds like this. A Highland Park hillside home with a pool, on a quiet street with westerly views. Apricot and kumquat trees flank the path to the front entrance, fruiting, generous, already giving before you've reached the door.Inside, a blank canvas. Two bedrooms and two baths upstairs, an expansive deck that catches the light and keeps it. Downstairs, a flex space and bedroom with a full bath, so many possibilitiesThrough the patio, a detached studio, creative space, or pool house, with a bathroom and shower.Below, the pool. Gated, hedged by tropical plantings, and a settled into a sizable deck. The kind of backyard that earns its keep through every season.And throughout front and back lush gardens with hummingbirds that seem to know they've found something good.A home with endless promise. A little imagination for the perfect hillside sanctuary.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 4.0 | 2.0 | 87% |
| Square foot | 1,961 | 1,452 | 79% |
| Lot Size | 5,193 | 5,596 | 36% |
| Price | $1.00M | $1.20M | 28% |
| Price per sq ft | $510 | $882 | 7% |
| Built year | 1923 | 1924 | 48% |
| HOA | $0 | $0 | 50% |
| Days on market | 40 | 130 | 1% |
May 7, 2026
$1,000,000
Initial Listing
Dec 4, 2003
$372,000
Public Record